Business
Directorate Changes
Directorate Changes.
About this update from Hochschild Mining Plc
[{"type":"text","content":"\n \nRNS Number : 4734J Hochschild Mining PLC 17 July 2013 \n \n\n \n \n17 July 2013\n \n \nChanges in Board Composition & Remuneration\n \n \n \nHochschild Mining plc (\"the Company\") announces reductions in the size of the Board and Directors' remuneration as part of its cashflow optimisation programme (further details of which are being announced separately today).\n \nFred Vinton and Rupert Pennant-Rea will be standing down as Non-Executive Directors at the end of the month and in addition, with effect from 1 August 2013, the Chairman's salary and the fees of all Non-Executive Directors will be reduced by 30% and the CEO's salary by 10%.\n \nEduardo Hochschild, Chairman of Hochschild Mining plc commented:\n\"The recent volatility in precious metals prices prompted a comprehensive review across the Group to identify cost saving measures. This incorporated a review of the structure and remuneration of our Board resulting in the changes being announced today. I would like to express my gratitude to Fred and Rupert for their support.\"\n \n____________________________________________________________________________\n \nEnquiries:\nHochschild Mining plc\nCharles Gordon +44 (0)20 7907 2934\nHead of Investor Relations\n \nRLM Finsbury\nCharles Chichester +44 (0)20 7251 3801\nPublic Relations\n____________________________________________________________________________\n \nAbout Hochschild Mining plc\nHochschild Mining plc is a leadin...